Newbie seeking advice from experienced flippers
Hi everyone,
I’m brand-new to house flipping and excited to start this journey. I’ve saved up a start-up fund and want to approach this the right way from day one.
A quick background:
Location: Dallas area (planning to focus on nearby neighborhoods with strong resale value)
Start-up funds: $100,000
Experience: Limited hands-on construction experience, but I’m highly motivated to learn and do the work needed to maximize value
Goals: Find solid under-market property, perform smart renovations, and flip for a profitable return while managing risk
I’d really appreciate:
A high-level roadmap for getting started (finding deals, due diligence, budgeting, timelines, and partnerships)
The must-have team roles (realtor, lender, contractor, inspector, designer, project manager)
Red flags to watch for in fixer-upper deals
Recommended resources (books, courses, podcasts, local Dallas market insights)
If you’re willing to share a simple, practical plan or link to a template for a beginner’s flip checklist, I’d be grateful. Also, if you’re open to mentoring or offering a low-risk pilot project, I’d love to discuss.
Thank you all for the guidance as I start this journey. I’m excited to learn from experienced flippers in this community!
Most Popular Reply
If I were you, I would start first mastering underwriting a deal. It takes time. I would also try to join local REIA groups and talk to real investors and see if I can visit some of their flips to get an idea. Unlike stock market, real estate flipping is not paper. An operator would be discipline in finances and creative in solving the real issues.
I would recommend below books to read/listen:
Strategy:
Rich man in Babylon
Robert Kiosaki
- Rich Dad Poor Dad
- Cashflow Quadrant
- Guide to investing
- Real book of Real Estate
Real Estate Journey:
Ken McKelroy
- ABCs of Real Estate Investing
- Advanced book of Real Estate Investing
- ABC of Property management